Full course description
This course introduces students to the economics of the healthcare delivery system and the health industry. Students will first examine fundamental economics and then transition to an overview of macro and micro economics. Due to the global reach of healthcare, students will survey international economics, and the course will conclude with a section on personal finance economics. These topics are explored through the 4P (patient, provider, payer, population) perspective framework, and this course relies heavily on case studies due to the broad scope and changing application of economics in healthcare.
At the end of this course, students will be able to:
- Assess the fundamental economics of the healthcare delivery system and health industry to facilitate informed strategic decision making
- Distinguish between the macro and micro components of the economics of healthcare
- Interpret valuable healthcare economic data to communicate them to stakeholders
- Demonstrate knowledge of the healthcare economic environment through the 4P (patient, provider, payer, population) perspective framework
- Evaluate the general atmosphere of healthcare economics from a global perspective to explain how this information can be utilized in strategic decision making